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Vicechairman of blackrock, the worlds biggest money manager. It handles more than 5 trillion in assets. After the financial crisis, what have we learned . Philipp we have too much leverage in the system without any doubt. When you have too much leverage, bad things happen. Not only do they happen, but when they happen, things tend to be amplified. Thats the key thing. We have also learned that this notion of letting the market be totally free, that wasnt a good idea. What stands out is banks needed much more capital than they had at the time. We had capital levels that were excessively low. In...

Of blackrock, the worlds biggest money manager. It handles more than 5 trillion in assets. After the financial crisis, what have we learned . Philipp we have too much leverage in the system without any doubt. When you have too much leverage, bad things happen. Not only do they happen, but when they happen, things tend to be amplified. Thats the key thing. We have also learned that this notion of letting the market be totally free, that wasnt a good idea. What stands out is banks needed much more capital than they had at the time. We had capital levels that were excessively low. In some cases, ...

We meet one of the most recognized names in swiss banking. We speak with the vicechairman of blackrock, the worlds biggest money manager. It handles more than 5 trillion in assets. After the financial crisis, what have we learned . Philipp we have too much leverage in the system without any doubt. When you have too much leverage, bad things happen. Not only do they happen, but when they happen, the effects tend to be amplified. Thats the key thing. We have also learned that this notion of letting the market be totally free, that governments should get out of their way that , wasnt a good idea....

Shanghai composite pass a percent. Lauren green arrows everywhere. Lauren one airline offering 99dollar flights to europe. Fbn am starts right now. Trained 25 01 a. M. In new york. November 21st. Im cheryl casone. Lauren i lauren simonetti. News from the department of justice. Cheryl big news during the holiday week. Breaking news this morning is the Justice Department filing a lawsuit to block the at t takeover. The deal was leaked to higher cable bills for consumers and reduce competition. At t says he doesnt understand the governments decision. Ive done a lot of deals a lot of deals in my c...

Just leave it this way. Alright. David i dont consider myself a journalist. And nobody else would consider myself a journalist. I began to take on the life of being an interviewer, even though i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . David so, when you wake up in the morning, do you say, look at all that i have achieved and i am incredibly proud of what i have done . Or do you say, geez, i have to deal everyday with critics and other things . Ginni what a way to start. [laughter] ginni ok. I dont think i had either ...